I’m a little late to the party with this New York Times article that came out October 25, but it’s a really good one that hasn’t lost any relevancy: Bargains in Latin America, Where Luxury Costs Less.

I feel like I wrote half of it myself over the past year, as I’ve been talking to anyone who would listen about the great deals on travel to Latin America. The dollar is still in great shape in a lot of places, the best luxury hotels are going for the price of crappy ones in New York or Paris, and you don’t get socked with those ridiculous fuel surcharges the airlines are profiting from for routes to Europe and Asia.

“In Mexico, some of the best deals are at ultra-luxurious megaresorts along the Riviera Maya, just south of Cancún, like Grand Velas, an all-suites resort and spa, which was just opening as the travel downturn hit. The Banyan Tree Mayakoba, where villas have their own plunge pools, is offering 50 percent off two-night packages with daily breakfast, a massage and dinner for two. Nearby, the Mandarin Oriental has a seven-night Holiday in Mexico deal that includes breakfast, airport transfers, dinner for two and a private yoga class from $354 a night until Dec. 18.

Not interested in the beach? Starting rates at the Four Seasons in Mexico City are $225 a night on weekends, not bad considering that it’s $70 cheaper than the Four Seasons in Austin ($295).”

The article highlights tour and spa deals throughout the Americas, including in Brazil, Peru, Ecuador, and Argentina. This won’t last forever, but you’ve probably got a good 8-9 months left to take advantage of the slump before the stock market rebound and improving company profits start getting people out of their houses and onto a plane again.